SECI's 1170 MW Hybrid Projects Set to Transform India's Energy Landscape with Green Power at INR 2.53/Unit
According to the new set of rules, the Wind-Solar Hybrid Power Projects are slated for commissioning within a period of 24 months from the effective date of the PPAs i.e. July 12, 2024.
September 15, 2023. By EI News Network
These crucial projects, strategically located in states such as Rajasthan, Karnataka, and Gujarat, are on track to commence operations by the next year. Notably, TP Saurya Limited, AMP Energy Green, and NREL have already entered into Power Purchase Agreements (PPAs) with SECI, developing their commitment to this ambitious 1170 MW endeavor.
Moreover, SECI has also signed Power Sale Agreements (PSAs) with Buying Entities and Distribution Licensees, underscoring the critical need for tariff adoption. These agreements detail the terms under which SECI will supply power to the distribution licensees, ensuring a seamless integration of renewable energy into the grid.
Notably, SECI has already awarded contracts to successful bidders, including TP Saurya Limited (600 MW), AMP Energy Green Private Limited (120 MW), and NTPC Renewable Energy Limited (450 MW) on July 12, 2022.
According to the new set of rules, the Wind-Solar Hybrid Power Projects are slated for commissioning within a period of 24 months from the effective date of the PPAs i.e. July 12, 2024.
SECI has diligently addressed the distribution aspect by signing PSAs with prominent distribution licensees, MPSEZ Utilities Limited (MUL) and CESC Limited (CESC). These agreements outline the tariff structure, which incorporates a trading margin of INR 0.07 kWh, to be paid to the distribution licensees.
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